Added to YB: 2024-10-08
Pitch date: 2024-10-03
SBUX [bullish]
Starbucks Corporation
+13.22%
current return
Author Info
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Company Info
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee internationally.
Market Cap
$120.8B
Pitch Price
$91.97
Price Target
N/A
Dividend
2.34%
EV/EBITDA
15.98
P/E
80.86
EV/Sales
3.73
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Show full summary:
ClearBridge Investments Large Cap Growth Strategy New Position: Starbucks Corporation
SBUX: Initiated position amid reset. US same-store sales declining due to ops issues, high prices, weak engagement. New CEO Brian Niccol (Chipotle turnaround) to address execution, innovation. Strong brand, market leader. Attractive entry point for high-quality business.
Read full article (1 min)